Goldman Sachs and the Abu Dhabi Investment Authority (ADIA) have invested in Froneri, the joint venture behind Haagen-Dazs and Rowntree’s, in a deal valuing the ice cream maker at €15 billion ($17.6B) including debt. Froneri, a 50:50 JV between PAI Partners and Nestlé, has seen strong growth since its formation in 2016 and its acquisition...
U.S. Equity Funds See Strong Weekly Inflows Amid Rate Cut Optimism
U.S. equity funds experienced robust inflows in the week ending October 1, driven by renewed hopes of Federal Reserve rate cuts following an inflation report that eased concerns over rising prices. Data from LSEG Lipper shows investors poured a net $36.4 billion into U.S. equity funds, the largest weekly net purchase since November 13, 2024....
Monte dei Paschi Chooses Anima CEO to Lead Mediobanca
Monte dei Paschi di Siena (MPS) has proposed Alessandro Melzi d’Eril, CEO of fund manager Anima Holding, as the new chief of Mediobanca, following MPS’s takeover last month. The €16B ($19B) stock-and-cash deal faced initial investor skepticism due to the banks’ differing sizes and business models. Melzi d’Eril, 50, succeeds Alberto Nagel, who led Mediobanca...
AQR Capital Management Posts Strong Gains Across Multi-Strategy Funds
Billionaire investor Cliff Asness’s AQR Capital Management has delivered robust performance across its flagship funds. These returns outperform broader systematic trend-following hedge funds, which are down on average ~2% YTD, according to Societe Generale indices. AQR’s diversified, multi-strategy approach highlights the potential of combining trend-following, long-short equity, and niche market strategies in navigating complex markets.
Abu Dhabi and Goldman Sachs Invest in Haagen-Dazs Owner Froneri at $18B Valuation
Goldman Sachs and the Abu Dhabi Investment Authority (ADIA) have invested in Froneri, the owner of Haagen-Dazs, in a transaction that values the ice cream company at approximately €15 billion ($17.6 billion), including debt. Froneri, a 50:50 joint venture between PAI Partners and Nestlé, will see a subsidiary of ADIA become a significant minority co-investor,...
Global Equity Funds See 11-Month High Inflows Amid Fed Rate Cut Hopes
Global equity funds drew $49.2 billion in net inflows in the week through October 1, marking the strongest demand since November 2024. U.S. equity funds led the surge with $36.4 billion, the largest weekly net purchase in nearly 11 months, while European and Asian funds attracted $7.4 billion and $3.9 billion, respectively. Sectoral flows were...